Denmark-based Universal Robots expects its business in India to grow over 100 per cent with adoption of its robots in sectors like apparel, finance and electronics, the company said to ET.
Universal Robots General Manager for South Asia Pradeep David said to ET that the company has opened their office in India three years ago. Automobile and automotive component makers have been early adopters of the company’s robots. Now electronics, apparel and finance are opening. “We expect our business to grow over 100 per cent year-on-year”, he said.
He said Universal Robots has globally shipped 25,000 robots, which the company brands as ‘cobots’, that can be customised to meet the requirement of industry vertical using them.
Universal Robots announced collaboration with German bank cash management firm Giesecke+Devrient, which has deployed system at RBI and other banks, to explore opportunity in the financial service segment.
G+D India Deputy MD Vivek Shankar informed that installation of robots will also save cost of cash management at banks compared to the cash handling by human resource.
